Loan EMI Calculator: Monthly Payments and Full Repayment Schedule
Before signing for a car loan, home loan or personal loan, know exactly what you'll pay. Enter the amount, rate and term to see your monthly instalment, total interest and a full month-by-month schedule.
Open the free Loan & EMI Calculator →What is the Loan & EMI Calculator?
Monthly instalment, total interest and a full repayment schedule for car, home or personal loans. It's completely free, needs no sign-up and works on any phone or computer.
Why it's helpful
- Shows the true total interest, not just the monthly figure
- Full amortisation schedule you can copy to Excel
- Compare offers from different banks in minutes
Who it's for
Anyone comparing car, home or personal loan offers in the UAE or elsewhere.
How to use it
- Enter the loan amount, yearly interest rate and term.
- Pick “Flat rate” if your bank quotes a flat rate (common for car and personal loans in the UAE). The tool shows the true equivalent rate.
- Add an optional extra monthly payment to see how much interest and time you save.
- Copy the schedule and paste it straight into Excel.
💻 Open source: this tool is free and open source (MIT License). View the code on GitHub, download it and run it offline.
The bigger picture: Calculators
Everyday decisions in the UAE, from loans and rent to gratuity, fuel and bills, come down to a few numbers. Quick, reliable calculators help you check offers, plan ahead and avoid costly surprises, without spreadsheets or sign-ups.
What's changing: Living costs in the UAE change month to month, from petrol prices to rents, which is why calculators that load current figures automatically are becoming more useful than static ones.
Frequently asked questions
What is EMI?
Equated Monthly Instalment: the fixed amount you pay each month, covering both interest and principal.
Flat vs reducing rate?
A flat rate charges interest on the original amount for the whole term, so a 3% flat rate costs much more than 3% reducing. Always compare reducing-balance rates.
Are fees included?
No. Processing fees, insurance and early-settlement charges vary by bank, so add them separately.
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